Why is Everything Getting Expensive? Cost of Living Crisis Explained - TLDR News

The video discusses the cost of living crisis, focusing on high inflation, rising gas prices, and increased tax burdens. It examines the impact on different income groups, particularly the poorest, and explores the political implications for the government. The crisis is exacerbated by stagnant wages and reduced welfare spending, with predictions of continued inflation and high energy prices. The government's measures are deemed insufficient to mitigate the crisis's effects.

What dilemma are the bottom 20% of households currently facing as mentioned in the text?

What measures has the government proposed to soften the impact of the cost of living crisis?

How might the cost of living crisis affect the government's levelling up agenda?